Lexus Pursuits Visa®

Lexus Pursuits Visa® Review

This is a store card issued by Comenity Bank. If you're wondering whether Lexus Pursuits Visa® is the right card for you, read on.

Key Takeaways

• Signup bonus. Offers a signup bonus of 5000 points after spending $500 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. Lexus Pursuits Visa® has a variable purchase APR that ranges from 13.99% up to 22.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. Lexus Pursuits Visa® charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $10.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Lexus Pursuits Visa®

The Good

The Bad

No annual fee. Earn points for every dollar spent at Lexus dealerships, gas, dining, entertainment and wherever Visa card is accepted. Redeem points on services, parts, accessories, eligible Lexus vehicle purchases and more. Receive 5,000 bonus points for spending $500 outside Lexus dealerships within first 90 days Potentially lower than average purchase APRs. No annual fee. No foreign transaction fee. Lexus Pursuits Visa® reports to multiple credit bureaus.

High interest rates. Does not offer rewards or cash back. Charges a 5% balance transfer fee. Does not include many credit card benefits.

Lexus Pursuits Visa® FAQ

Does Lexus Pursuits Visa® have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Lexus Pursuits Visa® benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Lexus Pursuits Visa®?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Lexus Pursuits Visa® has a variable purchase APR that ranges from 13.99% up to 22.99%. The card has a variable balance transfer APR of 26.99% . It also has a variable cash advance APR of 24.99% .

What are the fees for Lexus Pursuits Visa®?

The following fees apply:

Lexus Pursuits Visa® Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Lexus Pursuits Visa® report your account activity to credit bureaus?

Yes, Lexus Pursuits Visa® reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Lexus Pursuits Visa®

• Visit the Lexus Pursuits Visa® website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.